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Market rallies despite global headwinds
The Morning Standard
|September 08, 2023
Investors remain bullish even as foreign inflows continue to be patchy amid falling rupee, global economic uncertainty
BULL-RUN continues in the domestic equity market as benchmark indices the Sensex and the Nifty50 closed higher for the fifth consecutive session on Thursday.
This five-day rally comes despite muted global cues, the US dollar getting stronger and a rise in crude oil prices. On Thursday, Sensex closed 0.58% higher at 66,265.56 while the broader Nifty50 settled 0.49% higher at 19,707. In the past five sessions, Sensex has gained 2% while Nifty has surged 2.25%.
"After a volatile start, markets rebounded sharply to maintain its upward bias for the fifth consecutive session, even as foreign inflows continued to be patchy amid falling rupee and global economic uncertainty.
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